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Any layoff expected in bny ?
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Hi Fisher,
I am working in TCS with total year of experience as 3.8 Yrs. I am having an offer of 14 + 1 LPA ( joining bonus ) from prod based company in Mumbai. I got selected in CTS. Can CTS provide me 20 LPA with this experience. ??
Please do reply.
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It is tough to say. If this was a one time thing, I’d be willing to believe that they may just be a shitty company/looking to cut and finding an excuse. But if both of your prior employers said the same thing and let you go, the evidence is fairly strong that it’s you. I’ve probably seen over 30 associates and seniors being let go and only 2 of them would have been rated better than decent. The odds of this happening to you twice is not likely.
The fact that you are a senior and arguing that you’re super attentive and the only admitted mistake is for 9 dollars doesn’t jive. I have managed dozens of seniors and all of them make large mistakes at one time or another and the majority of them have pervasive issues with attention to detail. When I was a senior, I was the highest rated in my practice and I made plenty of mistakes much more consequential than $9 error. It’s part of the job and learning process. However, the worst seniors I worked with were the ones who were in denial about their shortcomings, were defensive and because they were in denial, took no positive steps to remediate the issue. The fact that you glossed over “too high on billable hours” also jumps out to me…..that’s a big part of the job.
My guess is that you aren’t being honest with yourself on your performance. Maybe they weren’t honest/candid with you either and used a recent example of $9 to poorly illustrate the issue. I recommend speaking more candidly with one or both of your prior employers (somebody you trust) and truly listen to their feedback and thoughts. I’ve continued to mentor many individuals who were forced out of our practice and hopefully there are similar individuals at your prior firms who would do the same for you.
Please suggest some trainings one can do to be a better performer, this has happened to me as well.
Public Accounting is a brutal business. I got out ASAP in my career. Much happier as a Controller with one "client", and I still love accounting. Good luck!!
The role I was laid off from was a controllership at a place that lost a bunch of federal money and was bought out by a competitor. It was the best job I’ve had and I really loved it. I was also very good at it. Just sucks that someone hundreds of miles away dropped the ball and no matter how well we did our work, company still went down.
I get the frustration. The first question is were you laid off or fired/let go? A layoff is typically due to corporate reasons. Fired or let go is typically due to 5e employee specifically and their work performance or energy. Now if you were laid off, did they give you severance, etc? If nothing then it probably was you. I left Accounting after a 25 year span and 2 layoffs. I just wasn’t willing to go back into that mess again. The competition to hire and fire in Accounting is too much no matter what expertise you bring to the table And no matter how hard you work. You jumped right to performance as a reason for your layoff but have you considered that maybe whatever sector of Accounting you’re in isn’t right for you. I’ve done AR, AP, Record to Report, Fixed Assets, Purchasing, etc. I liked fixed assets better because I had more control over my work. Record to Report was my least favorite but mainly because of bad managers, work overload, and high turnover employee rates. I also love taxes. Find your nitch and maybe you will be able to settle in somewhere great. But also, maybe God is setting you up for something better.